› Flat Chat Strata Forum › Finance, budgeting and loans › Negative EOFY balance in admin fund › Current Page
25/10/2020 at 2:09 pm
#52741
WOW.
Sounds such a transfer without an actual pay back to the lending account is tantamount to mis-management if not mis-representation. Guess an owner can take issue with the Treasurer through the SC.
Your clear reply (thank you) leads me to ask the next question:
Can a buyer having done their strata search showing continuous negative balance in Admin due to SC/OC not rectifying the deficit (but proceeded with the purchase) at a later time take legal action against the OC?